India Pursues Reform Path with Conviction, Sitharaman Says
New Delhi, March 25 – Finance Minister Nirmala Sitharaman stated on Wednesday that India is firmly on a path of economic reform, driven by conviction and a clear strategy under the leadership of Prime Minister Narendra Modi. Addressing the debate on the Finance Bill 2026 in the Lok Sabha, she emphasized that these reforms are not driven by compulsion but by a deliberate and confident approach.The Finance Minister highlighted the government’s focus on improving the tax administration, stating that it is being built on a foundation of trust and designed to reduce unnecessary hardships for honest taxpayers.
A key element of the government’s strategy is empowering Micro, Small, and Medium Enterprises (MSMEs), farmers, and cooperatives. These sectors, she noted, are central to creating employment and driving the overall development of India. The Finance Bill 2026 includes measures designed to provide these groups with enhanced liquidity, reduced compliance burdens, and increased opportunities to contribute to the national economy.
Specifically, the Bill proposes customs reforms aimed at promoting trade facilitation through alterations to existing provisions.
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